# Finanzguru

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/finanzguru

- Industry: Software
- Headquarters: Frankfurt, Germany
- Website: www.finanzguru.de
- Total disclosed funding: $27M
- Latest round: Series A (Mar 21, 2023)
- Investors on record: 11

## About

Based in Germany, dwins GmbH develops Finanzguru, a digital finance management application that simplifies personal finance for users by integrating various financial accounts into one accessible platform.Founded in 2015 in Frankfurt, Germany, dwins GmbH specializes in digital finance solutions through its flagship product, Finanzguru. The company has secured a total of 4 deals, with its most recent round of funding being a Series A round on March 21, 2023, raising EUR 13.00 mn from investors including Coparion, Deutsche Bank, and PayPal Ventures. The founders, Alexander Michel, Benjamin Michel, and Sandro Sonntag, have collectively contributed their expertise in financial technology to build and expand the company’s offerings.Finanzguru provides a comprehensive application for digital finance management, enabling users to manage multiple financial accounts, including checking accounts, credit cards, investment portfolios, and cryptocurrency exchanges, within a single interface. The application automatically categorizes transactions to help users track their expenses and monitor their financial health effectively. It also includes contract management tools for organizing user contracts, primarily serving the German market with over three million users ranging from young professionals to those seeking better financial management.In the most recent year of 2022, Finanzguru generated a revenue of EUR 2,785,282.80, while reporting an EBITDA of EUR -3,317,307.80. The company operates on a freemium subscription model, where users can access basic features for free, with premium features available through paid subscriptions, thus establishing a recurring revenue stream dependent on user engagement.Following the EUR 13.00 mn raised in Series A funding on March 21, 2023, Finanzguru plans to enhance its growth in Germany, expand its product platform, and increase its workforce. The funding will support the development of new product features aimed at improving user experience and financial management capabilities. The company is also exploring opportunities to enter additional markets beyond Germany to broaden its user base.

## Funding rounds

- Series A, Mar 21, 2023, $14M — Deutsche Bank, Venture Stars, Redstone, Coparion, Hannover Digital Investments GmbH, PayPal Ventures, SCOR P&C Ventures, SLL InvestConsult GmbH
- Series A, Dec 9, 2021, $9.1M — Deutsche Bank, HDI Global, Venture Stars, Redstone, Coparion, Seed and Speed Ventures
- Series A, Jul 19, 2019, $4.5M — Deutsche Bank, Coparion, Finanzguru, Hannover Digital Investments GmbH

## Investors

- Deutsche Bank — Series A
- Coparion (https://capitalatlas.ai/funds/coparion) — Series A
- Finanzguru — Series A
- Hannover Digital Investments GmbH — Series A
- HDI Global — Series A
- Venture Stars (https://capitalatlas.ai/funds/venture-stars) — Series A
- Redstone (https://capitalatlas.ai/funds/redstone) — Series A
- Seed and Speed Ventures (https://capitalatlas.ai/funds/seed-and-speed-ventures) — Series A
- PayPal Ventures (https://capitalatlas.ai/funds/paypal-ventures) — Series A
- SCOR P&C Ventures (https://capitalatlas.ai/funds/scor-p-c-ventures) — Series A
- SLL InvestConsult GmbH — Series A